AMENDMENT TO EMPLOYMENT AGREEMENT
This is an amendment, dated March 31, 2009 (the Amendment), to the Employment Agreement,
dated December 28, 2007 and effective April 1, 2009 (the Successive Agreement), between SAGA
COMMUNICATIONS, INC. (the Corporation) and EDWARD K. CHRISTIAN (Christian).
WHEREAS, the Corporation and Christian desire to amend (a) Section 5 of the Successive
Agreement to allow the elective deferral by Christian of annual salary to be paid by the
Corporation to Christian in accordance with the Successive Agreement and (b) Section 7 of the
Successive Agreement to make express reference to the Corporations Chief Executive Officer Annual
Incentive Plan for determination of Christians bonus.
NOW THEREFORE, IN CONSIDERATION of the premises and covenants of the Successive Agreement, it
is hereby agreed as follows:
Section 5 of the Successive Agreement is amended to add the following at the end of such
section:
Upon written election by Christian delivered to the Corporation,
Christian may defer any or all of the annual salary payable to
Christian pursuant to this Section 5 during the Term. For deferral
of annual salary payable in calendar year 2009, Christian shall
provide written election of such deferral to the Corporation no
later than March 31, 2009. For deferral of annual salary payable in
any calendar year after 2009, Christian shall provide written
election of such deferral no later than December 31st of
the prior calendar year. Any election of deferral shall state the
amount of such deferral and the date or dates upon which such
deferred compensation shall be paid.
The first sentence of Section 7 of the Successive Agreement is amended in its entirety as
follows:
In addition to the salary specified in paragraph 5 and the annual
increases specified in paragraph 6, Christian shall be eligible for
(a) stock options in such amounts as shall be approved by the
Compensation Committee of the Corporation from time to time, and (b)
bonuses in such amounts as shall be determined pursuant to the terms
of the Chief Executive Officer Annual Incentive Plan of Saga
Communications, Inc., originally effective as of January 1, 2000 and
as amended effective as of January 1, 2005, or as otherwise
determined by the Compensation Committee of the Corporation in its
discretion based on the performance of the Corporation and the
accomplishment of objectives mutually established by the
Compensation Committee and Christian.
Except as expressly amended hereby, the Successive Agreement is hereby ratified and confirmed
to be in full force and effect in accordance with its terms.
IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as of the day and
year first set forth.
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SAGA COMMUNICATIONS, INC.
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By: |
/s/ Gary Stevens
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Gary Stevens |
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Chair, Compensation Committee |
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/s/ Edward K. Christian
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Edward K. Christian |
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